The Green Quadratic

Written by Adam Smith Institute | Wednesday, November 23rd, 1988

The Green Quadratic argues that the Green Belt policy has prevented the outward growth of city areas which might have ensured a steady supply of building land, even at the expense of losing green environment. The limit that the Green Belt has put upon land availability has pushed prices even higher. Those already there are fully aware of the value of their environment, and do not stand to gain if there is a substantial amount of additional building. They can be expected to oppose development, and do so.